B. Riley lowered the firm’s price target on Backblaze (BLZE) to $7.50 from $9 and keeps a Buy rating on the shares. Backblaze reported strong Q4 results, with revenue and adjusted EBITDA exceeding consensus, though B2 Cloud Storage growth of 24% year over year slightly lagged expectations due to elongated deal timelines, the analyst tells investors in a research note.
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